US-Iran war LIVE: Trump says US will use frozen Iranian funds to pay for damage to ships as Washington resumes strikes
Washington has resumed military operations against Tehran while US President Donald Trump announced that frozen Iranian assets will cover
US Iran war LIVE: Trump Taps Frozen Funds for Ship Damage After Renewed Strikes
Theindiapostdaily.com – US Iran war LIVE – Washington has resumed military operations against Tehran while US President Donald Trump announced that frozen Iranian assets will cover costs for damaged commercial vessels. The escalation comes after Houthi rebels in Yemen targeted multiple oil tankers in the Red Sea, disrupting critical energy supply routes and pushing global oil prices to new heights. In a statement posted on social media, Trump declared that “any and all damages done to Ships, Cargo, or anything related thereto will be paid for by Iranian Money that the United States has in its possession and controls.” He emphasized that while these damages could be substantial, utilizing Iranian funds represents a fair approach to addressing the growing crisis.
Continued Military Operations Against Iranian Targets
The US Central Command confirmed that American forces launched another round of strikes against Iranian military installations on Thursday evening. According to CENTCOM’s official statement on X, these operations began at 6:45 p.m. ET and represent the thirteenth consecutive night of American military action against Tehran. The command stated that these strikes aim to “diminish threats” posed by the Islamic Revolutionary Guard Corps (IRGC) to international commercial shipping lanes. This sustained campaign reflects Washington’s determination to hold Iran accountable for actions that threaten global maritime security and energy stability.
“U.S. forces started another night of strikes against Iranian military targets at 6:45 p.m. ET today. This is the 13th consecutive night of strikes aimed at holding Iran accountable and diminishing threats from the Islamic Revolutionary Guard Corps to commercial shipping.”
Oil Prices Surge as Middle East Tensions Escalate
Global energy markets reacted sharply to the developing situation, with Brent crude oil breaking through the $100 per barrel threshold for the first time in two months. The benchmark price climbed approximately 14 percent over the course of the week, reflecting growing concerns about potential disruptions to Middle Eastern oil supplies. West Texas Intermediate crude also rose, trading near $92 per barrel. President Trump warned of “major military punishment” for both Iran and the Houthi movement if additional attacks occur against vessels navigating the Red Sea. Speaking with Axios, the President indicated he is considering launching a “massive attack” against the Islamic Republic in response to continued hostility.
The US House of Representatives demonstrated growing bipartisan concern over the conflict, passing a resolution calling for an end to American military involvement in Iran. The measure received support from 214 representatives, with four Republican lawmakers breaking ranks to vote alongside Democrats. This marks the second time the House has taken such action, following a similar vote in June that included the same four GOP defectors: Thomas Massie, Warren Davidson, Brian Fitzpatrick, and Tom Barrett. Congressional opposition signals increasing political pressure on the administration to reconsider its approach to the ongoing crisis.
Meanwhile, diplomatic efforts continue as Iranian Foreign Minister Abbas Araghchi engages in discussions aimed at de-escalating tensions. The Strait of Hormuz remains a critical flashpoint, with commercial shipping facing heightened risks from both Iranian military activities and Houthi attacks. As the situation develops, markets and policymakers alike watch closely for signs of whether diplomatic channels can prevent further escalation in this increasingly volatile region.
